Supplier Performance Management Based on Accurate Data.

17 Jun by nimesh

Supplier Performance Management Based on Accurate Data.

Overview of InHouse Solutions

InHouse enables your suppliers to do their best work for you by adopting a comprehensive approach to supplier performance management based on accurate data. InHouse Dashboards give you and your team an up-to-date, real-time overview of supplier performance, highlighting areas of improvement and potential risks. The data from InHouse comes from various sources, including your internal systems, third-party data providers, and suppliers. This ensures that you have a complete picture of supplier performance and can make the best decisions for your business.

InHouse also offers a range of tools to help you manage supplier performance, including contract management, RFP management, and supplier scorecards. These tools will help you streamline your processes and ensure that you get the best value from your suppliers.

This case study uses data from 20 organizations that were previously trying to manage supplier management based on spreadsheets or homegrown solutions.

 

Challenges Faced By Them

  • They struggled with data accuracy and completeness, relying on manual data entry or data from disparate sources.
  • They found it difficult to get an overview of supplier performance, using different methods to track various metrics.
  • They lacked visibility into supplier performance, making it challenging to identify areas of improvement or potential risks.
  • They had difficulty managing contracts, RFPs, and supplier scorecards, as they were using manual processes or spreadsheet-based solutions.

Results Achieved After Using InHouse

  • Data accuracy and completeness improved, as all data came from a single source.
  • They could get an overview of supplier performance, as all metrics were tracked in one place.
  • Visibility into supplier performance improved, as they could now see which suppliers were performing well and which needed improvement.
  • They could streamline their contract management, RFP management, and supplier scorecard processes, as all tools were integrated into one platform.

Strategy Followed To Achieve Results

InHouse followed a three-step strategy to help the organizations improve their supplier performance management:

  1. Implemented a centralized solution that integrated all data into one platform,

 

  1. Adopted best practices for tracking and managing supplier performance, and

 

  1. Provided training and support to help users get the most out of the platform.

This strategy helped the organizations to improve data accuracy and completeness, get an overview of supplier performance, and streamline their processes. In addition, it provided them with the visibility they needed to identify areas of improvement and potential risks.

Conclusion

InHouse is a supplier performance management platform that helps organizations improve data accuracy and completeness, get an overview of supplier performance, and streamline their processes. In addition, it provides them with the necessary visibility to identify areas of improvement and potential risks. The platform is based on a three-step strategy: implementing a centralized solution, adopting best practices, and providing training and support. This strategy helped the 20 organizations in this study improve supplier performance management.

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